By Zhou Lanxu | chinadaily.com.cn | Updated: 2024-12-18 20:14
China has executed housing acquisition projects in more than 10 cities, converting unsold commercial homes to more than 10,000 units of affordable housing in the latest progress of the country’s ratcheted-up efforts to stabilize the real estate market, industry data indicated.
The participating cities include Chongqing and others in provinces such as Jiangsu, Hubei, Henan, Jilin, Zhejiang, Hebei, Sichuan and Anhui, supported by a central bank lending tool that provides banks with low-cost funding to finance the acquisition projects.
